Your English writing platform
Discover LudwigExact(42)
The "Arab spring" of 2011 made a dent in remittance receipts in the Middle East and Africa, as migrant workers from the region fled countries such as Libya.
Specifically, Trump threatened to cut off billions of dollars in remittance payments from Mexican nationals in the United States to families in their home country.
Those communities have protested that, since other banks are refusing to offer new accounts, Barclays' decision will lead to thousands of people losing jobs in remittance companies in the UK, while those sending money abroad will be forced to use a handful of big US money-transfer providers.
But perhaps even more worrisome to Mexico is the threat to deport to millions of its citizens who, with settled lives and jobs in the United States, provide most of the nearly $25 billion in remittance payments to Mexican families every year.
But Bolivia did see a decline in remittance income.
On the one hand, a change in remittance behaviour takes place with intermarriage.
Similar(18)
One of the main challenges TransferWise faces in remittance-dependent countries such as the Philippines is that there are far more people sending money in than out, making the P2P model less viable there.
Last year, they sent back about $11 billion in remittances.
The starkest example is in remittances to Africa.
Mexico received $9.82 billion last year in remittances from abroad.
Compare that to the $40bn that diaspora Africans sent home in remittances in 2010.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com